Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana Calculator
The Sukanya Samriddhi Yojana (SSY) Calculator helps you estimate the total amount you may receive at maturity based on your annual contribution and the interest rate you enter.
The calculator shows your estimated total deposits, estimated interest earned, and estimated maturity amount. Since the SSY interest rate can change when the Government revises small savings rates, the result should be treated as an estimate.
You can also explore our Free Online Calculators for other useful financial and everyday calculations.
For the latest Sukanya Samriddhi Account rules and official information, visit the India Post official website.
How to Use the SSY Calculator
Using this Sukanya Samriddhi Yojana Calculator is simple:
- Enter the amount you plan to deposit each year.
- Enter the applicable SSY interest rate.
- Click the Calculate Maturity button.
- The calculator will show your estimated total deposit, interest earned, and maturity amount.
The calculator uses a 15-year contribution period and a 21-year maturity period for the estimate.
Sukanya Samriddhi Yojana Interest Rate
The current SSY interest rate used for this calculator is 8.2% per year.
However, SSY is a government small savings scheme, and its interest rate can be revised periodically. If the Government changes the rate in the future, you can enter the updated rate in the calculator to get a revised estimate.
1. Minimum and Maximum Deposit
You can deposit a minimum of ₹250 per financial year into a Sukanya Samriddhi account.
The maximum amount that can be deposited in a financial year is ₹1,50,000.
This means your annual contribution can be anywhere between these limits, subject to the applicable scheme rules.
2. Deposits in Multiples of ₹50
SSY deposits are made in multiples of ₹50.
For example, eligible deposit amounts can include ₹250, ₹500, ₹1,000, ₹5,000, or ₹50,000.
The calculator therefore accepts annual deposits in multiples of ₹50.
3. Age Eligibility of the Girl Child
A Sukanya Samriddhi account can be opened in the name of a girl child who has not reached 10 years of age.
The account is generally opened and operated by a parent or legal guardian according to the applicable scheme rules.
4. Deposits Can Be Made for 15 Years
Deposits are required for 15 years from the date of opening the account.
This is important when calculating the maturity amount because contributions are not normally made for the full 21-year maturity period.
After the contribution period ends, the account can continue to earn interest according to the applicable rules until maturity.
5. Account Maturity After 21 Years
A Sukanya Samriddhi account normally matures 21 years from the date of account opening.
Therefore, the contribution period and maturity period are different.
For example, if an account is opened in 2026, contributions are made for the applicable 15-year period, while the account continues toward its 21-year maturity.
6. How SSY Interest Is Calculated
SSY interest is calculated on the account's lowest balance between the close of the fifth day and the end of the month.
The interest is credited to the account at the end of each financial year.
Because of this calculation method, the timing of deposits can affect the interest earned during a particular month.
The calculator on this page provides an estimate and does not replace the official account statement or calculation by the bank or post office.
7. Withdrawal for Education
Under the applicable SSY rules, withdrawal for higher education may be permitted after the girl child reaches 18 years of age or passes Class 10, whichever is earlier.
Up to 50% of the eligible balance may be withdrawn for education, subject to the conditions and documentation required under the scheme.
The withdrawal rules should be checked against the latest government guidelines before making a withdrawal request.
SSY Calculator Example
Suppose you plan to deposit ₹50,000 every year into an SSY account and use an interest rate of 8.2% in the calculator.
The calculator assumes:
- Annual deposit: ₹50,000
- Contribution period: 15 years
- Maturity period: 21 years
- Interest rate: 8.2%
It then estimates the total amount deposited, the interest earned, and the maturity value.
The actual maturity amount may differ because the SSY interest rate can change over time and the official interest calculation is based on the scheme's prescribed method.
Why Use an SSY Calculator?
Planning a long-term savings goal can be difficult without an estimate.
An SSY calculator can help you:
- Understand how regular contributions may grow over time
- Estimate the total amount you may deposit
- See the estimated interest earned
- Understand the effect of the 15-year contribution period
- Plan long-term savings for a girl child's future education and other eligible needs
Important Things to Remember
The SSY Calculator provides an estimated result and should not be treated as a guaranteed maturity amount.
The actual result can depend on factors such as:
- Changes in the government-notified interest rate
- The timing of deposits
- The amount deposited
- Applicable SSY rules at the time
- The official method used to calculate and credit interest
Always check the latest official SSY rules before making financial decisions.
Frequently Asked Questions
What is the current SSY interest rate?
The current rate used in this calculator is 8.2% per year. SSY interest rates can be revised by the Government from time to time.
What is the minimum SSY deposit?
The minimum annual deposit is ₹250, subject to the applicable rules.
What is the maximum SSY deposit?
The maximum deposit allowed in a financial year is ₹1,50,000.
For how many years do I need to deposit money in SSY?
Deposits are made for 15 years from the date of account opening.
When does an SSY account mature?
The account normally matures 21 years from the date of opening.
Can I withdraw money from SSY for education?
Yes, withdrawal for higher education may be permitted subject to the applicable SSY conditions. Up to 50% of the eligible balance may be withdrawn according to the scheme rules.
Is the maturity amount shown by this calculator guaranteed?
No. The calculator provides an estimate. The actual maturity amount can vary because the government-notified interest rate may change and the official interest calculation follows the scheme rules.
Explore More Free Online Calculators
You can also explore our Free Online Calculators for other useful financial, mathematical, and everyday calculations.